The 2010 eChallenge, an annual business planning contest for aspiring entrepreneurs run by The University of Adelaide, offers the chance of global exposure as well as a share in $50,000 in cash and prizes.

Teams of between two and six people, including at least one tertiary-enrolled student in South Australia (including TAFE), compete in the eChallenge to develop a business plan for a new, previously unfunded concept.

eChallenge organisers assist team members with weekly workshops that offer insights into each stage of developing a business plan. If a team’s idea has commercial potential, organisers assign a business mentor to the team. eChallenge winners will be announced on Friday, October 29, at an event dinner at Adelaide’s National Wine Centre.

eChallenge Coordinator Diana Lucic said the opportunities continued past the event itself. “We choose an eChallenge team to take to the John Heine Entrepreneurial Challenge to compete against teams from other Australian universities,” she said.

“The winning team then represents Australia at the Global MOOT CORP Competition held at The University of Texas at Austin in the United States, which offers prizes to the tune of US$135,000.”

Aspiring entrepreneurs interested in accepting the eChallenge are invited to a 90-minute information session at 5.30pm on Thursday, May 13, at the offices of Piper Alderman, 167 Flinders Street, Adelaide.

For catering purposes, please RSVP to echallenge@adelaide.edu.au by Friday, May 7.

More information about the 2010 eChallenge is available at www.adelaide.edu.au/echallenge.

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